problem with all the points you make is that they are impressions only. Impressions that I agree with, but the limited data we are getting from the updates doesn’t quite tell the same story. Yes, we have seen growth but the last two updates haven’t been great. Due to the lockdowns / restrictions in various states or knock on effects of ordering es explained in the updates? Maybe, I’m not sure. Underperformance is usually the fault of external circumstances and performance the outcome of management. This next update will be telling. We had a full quarter of gage roads open and limited restrictions around the other states.
Time to double down?, page-3
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